business challenge, dell has the technology and services to help you solve it. ♪ john: the show tonight is titled after the welfare state to mostly because i like the title of this new book virginia. it says i/o you. $80 trillion. john: these college students have to pay for it, and their just aren't enough of them because people my age wrigley refused to die. >> well, that is one way to look at it. but even setting aside the life span going up, the system was broke the date was established because it is a pay-as-you-go system. if any private company, insurance company, investment scheme had this financial structure, there ceo would be in prison. in fact, bernie madoff is in prison. he could have been had a social security. [applause] john: after the welfare state. what are they supposed to do? >> the first thing is to understand that we have to take responsibility and be realistic. those benefits are not going to be there. they have been promised, but the politicians cannot make good on a. is arithmetic. things that can't keep going on won't. this will come to an end. now the question